14.10.201905:25 Forex Analysis & Reviews: Forecast for USD/JPY on October 14, 2019

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/JPY

Last Friday, the dollar growth exceeded the peaks of October 1 and September 18, also breaking the resistance of the red line of the price channel. The Marlin oscillator is in the growth zone, the immediate target of the pair is now the resistance of the upper line at 108.97. Overcoming the first goal opens the second at a price of 109.70 - the line of the growing green price channel.

On the four-hour chart, the leading indicator Marlin took on a leading role - it follows the price, which is a sign of the continuation of the current trend. That is the growth of the pair.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.